Bitcoin ATM located in Mark7 Variety. You can buy Bitcoin and other popular cryptocurrency at our ATM with cash. Localcoin is a Toronto-based company whose mission is to provide a simple buying & selling experience of digital currency for customers while upholding privacy standards across North America
Frequently Asked Questions About Localcoin Bitcoin ATM - Mark7 Variety
What is Localcoin?
Localcoin is Canada’s largest cryptocurrency ATM network that enables customers to buy cryptocurrency with cash at a physical location. Customers can visit one of our 950+ physical ATMs at our retail locations, composed primarily of convenience stores and gas stations.
What is Bitcoin?
Bitcoin is a decentralized digital currency, meaning it is not controlled by any government or central bank. Bitcoin can be used to buy goods and services online, and can also be held as an investment. Each Bitcoin is like a computer file that is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
What is a Bitcoin ATM?
A Bitcoin ATM is a machine that enables users to buy Bitcoin and other cryptocurrencies using cash. It functions similarly to a traditional ATM, enabling users to deposit cash and receive Bitcoin in their wallet, or sell bitcoin and receive cash.
How do I use a Bitcoin ATM?
Step 1: Get a Bitcoin Wallet:
We recommend the following easy-to-use Bitcoin wallets downloadable from your app store: Trust Wallet, Exodus or Coinbase Wallet
You'll need to take this wallet (or a printed QR code) with you, to the machine.
Step 2: Visit a Localcoin Bitcoin ATM
All you need is your wallet’s address, QR code and cash!
Step 3: At the Machine
a. Tap the machine's touchscreen, then read the on-screen prompt.
b. Select your desired cryptocurrency. (Bitcoin, Ethereum, LTC, etc.)
c. In your wallet, find the QR code. This tells the machine where to send your Bitcoin once you've confirmed your purchase.
d. Hold it up to the machine's camera and wait for it to be scanned.
Step 4: Purchasing Your Bitcoins
a. After scanning the QR code, insert your CAD bills.
b. Confirm the amount on the screen to complete your purchase.
c. Please note that there will be a service fee, which varies based on the Bitcoin market.
Step 5: Receiving Your Bitcoins
Once you've confirmed your purchase, your Bitcoins will be sent to the address you provided.
Transactions are usually instantaneous but may take anywhere between 10–30 minutes, or even 1–2 hours in rare cases.
What is a Bitcoin/Crypto Wallet and how do I get one?
A crypto wallet is a necessary part of holding and transacting crypto coins. To send or receive any kind of coin, you’ll need a secure wallet that’s just for cryptocurrency. These specialized wallets:
1. Exist to keep track of coin ownership
2. Help generate the public addresses you’ll need to make transactions.
3. Don’t hold your coins like a traditional wallet does; instead, your Bitcoin, Ether, Litecoin, etc. all exist on the blockchain — your crypto wallet simply gives you access to them.
You can download a crypto wallet from your app store, some easy-to-use mobile wallets include BRD Wallet, Bitpay, and Blockchain.
What are the limits for purchasing Bitcoin?
The minimum amount of Bitcoins (and other coins) you can buy from a Localcoin ATM is $20 CAD. The maximum is $995 per transaction, with at most 5 transactions per day.
What payment methods are accepted?
We only accept Canadian cash bills. For other payment methods such as debit/credit cards, you can purchase online by visiting our website at localcoinatm.com
What other cryptocurrency coins do you sell at your Bitcoin ATMs?
We sell Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at our ATMs.
What services does Localcoin Bitcoin ATM - Mark7 Variety offer?
Localcoin Bitcoin ATM - Mark7 Variety allows customers to buy Bitcoin and other popular cryptocurrencies using cash at a physical ATM located at Mark7 Variety in Markham.
How can I use the Bitcoin ATM at Mark7 Variety to buy cryptocurrency?
To use the Bitcoin ATM, get a crypto wallet app like Trust Wallet or Coinbase Wallet, visit the ATM with your wallet address or QR code, select your desired cryptocurrency, scan your wallet QR code on the machine, insert Canadian cash bills, confirm the purchase, and wait for the coins to transfer to your wallet, usually within 10-30 minutes.
What cryptocurrencies can I buy at the Localcoin Bitcoin ATM - Mark7 Variety?
You can buy Bitcoin, Litecoin, Ethereum, Cardano, Dogecoin, Shiba Inu, Ripple, USDC, and Tether at this ATM.
What are the operating hours of the Localcoin Bitcoin ATM at Mark7 Variety?
The ATM is open from 8:00 AM to 9:00 PM Monday through Saturday, and from 8:00 AM to 6:00 PM on Sundays.
What is the minimum and maximum amount of cryptocurrency I can purchase at this ATM?
The minimum purchase amount is $20 CAD and the maximum is $995 CAD per transaction, with up to 5 transactions allowed per day.
What payment methods are accepted at the Localcoin Bitcoin ATM in Mark7 Variety?
The ATM accepts only Canadian cash bills for cryptocurrency purchases. For other payment methods like debit or credit cards, customers can buy online through the Localcoin website.
Is the Localcoin Bitcoin ATM at Mark7 Variety accessible for people with disabilities?
Yes, the location has wheelchair accessible parking available for customers.
What nearby places can help me find the Localcoin Bitcoin ATM at Mark7 Variety?
The ATM is located at Mark7 Variety, a convenience store and retail location; nearby you can find the TD Canada Trust ATM and Shoppers Drug Mart which are recognizable landmarks for accessing the area.
What nearby amenities can I visit before or after using the Localcoin Bitcoin ATM?
Nearby you can visit Markham Bowl for entertainment, Osaka Sushi for dining, or get groceries at No Frills and Visconti's No Frills.
Are there nearby services that complement my visit to Localcoin Bitcoin ATM - Mark7 Variety?
Yes, you can visit nearby places like Kids Dental Group for health needs, iPet Grooming for pet services, or RWG Clean for home cleaning, making it convenient to combine errands in one trip.